New office will ensure success for its current customer base and help
expand its portfolio of customers in the automotive and mobility markets

SAN JOSE, Calif.–(BUSINESS WIRE)–Second paragraph, third sentence of release should read: Additionally,
this expansion will help facilitate closer work with not only these
customers, but current top partners such as May Mobility and North
American Lighting, and others to be announced in 2019.

The corrected release reads:

CEPTON TECHNOLOGIES EXPANDS U.S. OPERATIONS, OPENS DETROIT OFFICE

New office will ensure success for its current customer base and help
expand its portfolio of customers in the automotive and mobility markets

Cepton
Technologies, Inc., a provider of 3D LiDAR solutions for automotive,
industrial, and mapping applications, today announced the opening of a
new office in Detroit, Michigan that will operate as a key commercial
and technical hub for the company. The new office, which will officially
open on March 4, 2019, will ensure success for its current customer base
and help rapidly expand its portfolio of customers in the automotive and
mobility markets.

The opening of the Detroit office continues Cepton’s commitment to
providing customers with high resolution, long-range and cost-efficient
LiDAR solutions for 3D perception with a specific focus on meeting the
needs of the automotive and mobility industries. Cepton has several
current and prospective customers within the Detroit area that this
office will help better serve. Additionally, this expansion will help
facilitate closer work with not only these customers, but current top
partners such as May Mobility and North American Lighting, and others to
be announced in 2019.

“Cepton is committed to helping our customers bring self-driving
vehicles to market by mass producing long range, high resolution,
compact LiDAR sensors at an affordable price,” said Jun Pei, CEO and
co-founder of Cepton Technologies. “It strategically makes sense to have
a team based in Detroit where they can work closely with our customers
to help them accomplish their goals and obtain their feedback to further
advance our solutions.”

The Detroit office will be staffed with local talent, starting with
three team members and has plans to expand up to 10 employees during the
next 12 months. The company’s Director of Business Development, Mitch
Hourtienne, will lead the office expansion with members from other
Cepton offices around the world visiting and working short-term
rotations. The team will support customers as they implement and launch
Cepton’s technology and products.

Cepton introduced two new LiDAR products, Vista-M
and Vista-X, designed for all levels of autonomous application at
CES 2019, and will begin mass producing its portfolio of LiDAR sensors
in partnership with Celestica this year with full volume production by
2020.

Cepton Technologies, Inc. is a 3D sensing solutions provider shipping
next-generation LiDAR products for the automotive, industrial and
mapping markets. Founded in 2016 and led by LiDAR and advanced image
industry veterans, Cepton has a leadership team that recognizes where
the automotive industry and Internet of Things (IoT) market are headed
and have deployed four advanced LiDAR solutions that are mapping the
future. Cepton LiDAR technology delivers unrivaled detection range and
resolution at low cost, to enable perception for the fast-growing market
for smart machines. For more information, visit http://www.cepton.com/.